Tex. Transp. Code Section 367.016
Bonds and Notes Not Payable from Taxes


A bond or note issued under this subchapter:

(1)

is payable only from the revenue or another resource of the municipality; and

(2)

is not a tax obligation of the municipality.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.

Source: Section 367.016 — Bonds and Notes Not Payable from Taxes, https://statutes.­capitol.­texas.­gov/Docs/TN/htm/TN.­367.­htm#367.­016 (accessed May 4, 2024).

Accessed:
May 4, 2024

§ 367.016’s source at texas​.gov